RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) and EMC Corporation (NYSE: EMC)
announced today that they have completed the formation of LenovoEMC Ltd,
the joint venture previously announced in August 2012 along with a wider
strategic partnership in industry standard servers and networked storage
solutions. Incorporating the core assets of EMC’s Iomega business, the
new JV will bring co-branded network attached storage (NAS) solutions to
distributed enterprise, remote branches, and small and medium businesses.

“Lenovo's record as one of the fastest-growing technology companies in
the world and Iomega's heritage as a leader in network storage solutions
enables the joint venture to pursue growth opportunities and drive
innovation in the SMB NAS market,” said Eric Arcese, President and
General Manager, LenovoEMC Ltd. “With the joint venture now underway,
there’s a real sense of opportunity and excitement as we work with our
partners and customers to firmly establish LenovoEMC Ltd as a leader in
the fast-growing global SMB storage market.”

The Iomega networked storage portfolio includes desktop, tower and
rackmount array products ranging in capacity from diskless versions
(0TB) up to 48TB. Iomega NAS solutions include the award-winning EMC®
LifeLine™ operating system, which combines industry-leading features and
benefits with an ease-of-use tailored to small business users, remote
enterprise offices, departmental data centers and others. These
capabilities provide ideal storage expansion to Lenovo’s award winning
ThinkServer and ThinkStation server and workstation offerings.

In addition to the JV, the global strategic partnership between Lenovo
and EMC Corporation also encompasses an x86 server technology
development program, as well as an OEM and reseller relationship for
EMC’s storage solutions.

Both EMC and Lenovo are shareholders of LenovoEMC Ltd, with Lenovo
holding the majority interest. The partnership described here is not
considered material to either company’s fiscal year earnings.

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a $US30 billion personal technology
company – and one of the top two PC makers globally, serving customers
in more than 160 countries. Dedicated to building exceptionally
engineered PCs and mobile internet devices, Lenovo’s business is built
on product innovation, a highly efficient global supply chain and strong
strategic execution. Formed by Lenovo Group’s acquisition of the IBM
Personal Computing Division, the Company develops, manufactures and
markets reliable, high-quality, secure and easy-to-use technology
products and services. Its product lines include legendary Think-branded
commercial PCs and Idea-branded consumer PCs, as well as servers,
workstations, and a family of mobile internet devices, including tablets
and smart phones. Lenovo has major research centers in Yamato, Japan;
Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For
more information, see www.lenovo.com.

About EMC

EMC Corporation is a global leader in enabling businesses and service
providers to transform their operations and deliver IT as a service.
Fundamental to this transformation is cloud computing. Through
innovative products and services, EMC accelerates the journey to cloud
computing, helping IT departments to store, manage, protect and analyze
their most valuable asset — information — in a more agile, trusted and
cost-efficient way. Additional information about EMC can be found at www.EMC.com.

EMC is a registered trademark or trademark of EMC Corporation in the
United States and other countries.